Day: March 7, 2024

Saga Network’s Strategic Airdrop Fuels Gaming Growth

The gaming-centric network Saga has officially rolled out its airdrop claim process. This follows a series of play-to-airdrop competitions spanning three months, where participants engaged in various games to earn the right to claim SAGA tokens. Additionally, this airdrop extends to users who have actively staked tokens across several prominent blockchain networks. The airdrop has […]

Dogwifhat Soars Amid Meme Coin Frenzy

Solana‘s meme coin, Dogwifhat (WIF), has captured the crypto world’s attention with a remarkable 48% surge in value over the past 24 hours. Trading at over $2.11 early Wednesday, WIF’s market capitalization soared past the $2 billion mark, a mere three months post-issuance, setting a new benchmark in the meme coin sector tracked on CoinGecko […]

Crypto’s Influence in U.S. Elections: A Turning Point

The primary elections across 15 U.S. states not only determine the future of many congressional seats but also underscore the growing intersection between politics and the cryptocurrency sector. Coinbase CEO Brian Armstrong emphasized this as a unique opportunity to influence federal politicians’ stance on crypto policies during a rally in California. The absence of clear […]

WOOFi Exploit on Arbitrum: A $8.75M Lesson

In a startling breach of security, the decentralized finance (DeFi) platform WOOFi fell victim to a sophisticated exploit on the Arbitrum network, culminating in a staggering loss of approximately $8.75 million in cryptocurrencies. This incident, unfolding at 10:49 am ET on Tuesday, underscores the vulnerabilities inherent in the burgeoning DeFi sector. An anonymous assailant masterfully […]

Binance US’s Struggle Post-SEC Lawsuit: A Deep Dive

In a startling revelation, the U.S. Securities and Exchange Commission (SEC)‘s legal action against Binance.US last June has precipitated a drastic operational downturn for the company. Following the lawsuit, an executive from Binance.US disclosed in a court document that the company was compelled to terminate over 200 employees, constituting two-thirds of its workforce, after a […]

Bitstamp Scores Singapore Foothold with In-Principle License Approval

European cryptocurrency exchange Bitstamp is setting its sights on Singapore after receiving a crucial nod from the city-state’s financial regulator. The Monetary Authority of Singapore (MAS) granted Bitstamp in-principle approval for a Major Payment Institution (MPI) license, marking a major step towards establishing a presence in this crypto-friendly jurisdiction. This in-principle approval represents a significant […]

Bridging the Bay: Web3 Financing Platform Proposed in China

A Web3 financing platform proposal has emerged from China’s critical political meetings, the “Two Sessions,” currently underway in Beijing. Johnny Ng, a Hong Kong delegate to the top political advisory body, the CPPCC National Committee, submitted the suggestion this week. The proposed platform would bridge the southeastern Greater Bay Area, connecting the financial hubs of […]

Coachella Seeks Redemption: NFT Passes Return After FTX Fiasco

After a tumultuous experience with FTX in 2022, the Coachella Valley Music and Arts Festival is giving NFTs another shot at redemption. Coachella is launching a new collection of NFT collectibles, this time on the Avalanche blockchain through the OpenSea marketplace. These NFTs will double as access passes for the highly anticipated April event in […]